2021 RES Annual Conference: a series of informal chats between two prominent speakers
Monday 12 April
The state of the UK economy
Lord Mervyn King, British economist, former governor of the Bank of England in coversation with Rachel Glennerster, Foreign, Commonwealth & Development Office
Mervyn King served as Governor of the Bank of England from 2003 to June 2013. He was knighted (GBE) in 2011, made a life peer in 2013, and appointed by The Queen to be a Knight of the Garter in 2014. Lord King is the Alan Greenspan Professor of Economics and Professor of Law at New York University and Emeritus Professor of Economics at the London School of Economics.
In 2016 he published The End of Alchemy. His new book (with John Kay) Radical Uncertainty was published in March 2020. Born in 1948, Mervyn King studied at King’s College, Cambridge, and taught at Cambridge and Birmingham Universities before spells as Visiting Professor at both Harvard University and MIT. From October 1984 he was Professor of Economics at the London School of Economics, where he founded the Financial Markets Group.
Dr Rachel Glennerster is the Chief Economist of the Foreign, Commonwealth and Development Office (FCDO) and member of the FCDO Executive Committee. Prior to her appointment at the FCDO, she was the Chief Economist of the Department for International Development (DFID) and from 2004-2017
Rachel was Executive Director of the Abdul Latif Jameel Poverty Action Lab (J-PAL), a research centre in the Economics Department at the Massachusetts Institute of Technology that seeks to reduce poverty by ensuring policy is informed by scientific evidence. Dr Glennerster has held positions at the International Monetary Fund, Her Majesty’s Treasury and the Harvard Institute for International Development.
Tuesday 13 April
The last letter from America
Sir Angus Deaton, Princeton University and Professor Tim Besley, RES President Elect and London School of Economics
Sir Angus Deaton is Senior Scholar and Professor Emeritus at Princeton University and Presidential Professor of Economics at USC. He is the author of The Great Escape: health, wealth, and the origins of inequality and, with Anne Case, Deaths of despair and the future of capitalism. His interests span domestic and international issues and include health, happiness, development, poverty, inequality, and how to best collect and interpret evidence for policy.
He is a past President of the American Economic Association. His BA, MA, and PhD are from Cambridge University, and he holds several honorary doctorates from universities in Europe and the US. In 2015, he received the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel “for his analysis of consumption, poverty, and welfare.” He was born in Edinburgh, Scotland. He was made a Knight Bachelor in the Queen’s Birthday Honors List in 2016.
Tim Besley is School Professor of Economics and Political Science and Sir W. Arthur Lewis Professor of Development Economics at the London School of Economics and Political Science (LSE). From September 2006 to August 2009, he served as an external member of the Bank of England Monetary Policy Committee and is now a member of the National Infrastructure Commission.
He is a Fellow of the Econometric Society, the British Academy, and the European Economics Association as well as a foreign honorary member of the American Economic Association and the American Academy of Arts and Sciences. He has been President of the European Economic Association, the International Economic Association and the Econometric Society. He was a 2005 winner of the Yrjö Jahnsson Award of the European Economic Association. He is President-elect of the Royal Economic Society.
Wednesday 14 April
The state of economic science
Jean Tirole, Toulouse School of Economics in conversation with Diane Coyle, University of Cambridge
Jean Tirole is member-founder and Honorary Chairman of the Toulouse School of Economics (TSE) and of the Institute for Advanced Study in Toulouse (IAST). He is also affiliated with the Massachusetts Institute of Technology (MIT), where he holds the position of Visiting Professor, and the Institut de France. Published in English in 2017, his latest book, entitled “Economics for the Common Good”, is accessible to a wide audience and available in a number of other languages.
Jean Tirole was awarded the Nobel prize and the Nemmers prize in economics, both in 2014, the inaugural Yrjö Jahnsson prize of the European Economic Association (1993), the inaugural Frontiers of Knowledge Award of the BBVA Foundation (2008), and the CNRS gold medal (2007). Jean Tirole’s research covers industrial organization, regulation, finance, macroeconomics and banking as well as psychology-based economics.
Professor Diane Coyle is the inaugural Bennett Professor of Public Policy at the University of Cambridge. Diane co-directs the Bennett Institute where she heads research under the themes of progress and productivity, and has been a government adviser on economic policy, including throughout the covid-19 pandemic. Her latest book, ‘Markets, State and People – Economics for Public Policy’ examines how societies reach decisions about the use and allocation of economic resources.
Diane is also a Director of the Productivity Institute, a Fellow of the Office for National Statistics, an adviser to the Competition and Markets Authority, and Senior Independent Member of the ESRC Council. She has served in public service roles including as Vice Chair of the BBC Trust, member of the Competition Commission, of the Migration Advisory Committee and of the Natural Capital Committee. Diane was previously Professor of Economics at the University of Manchester.